The 1 mistake buyers should avoid in a hot real estate market

Article by Perri Ormont Blumberg | Fox Business
Featured Expertise by Jason Gelios - Realtor

Things are hot, hot, hot when it comes to buying a home right now. 

"A neutral market is six months for a house to be on-market: 180 days," Ryan Ross, realtor at New Jersey-based Weichert, Realtors, tells FOX Business.
 
In New Jersey for example, if the house is in good shape and listed properly, realtors are seeing houses go over-asking in 30 days, Ross says. "This is an extreme seller's market, and has been for almost a year," he adds.
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But if you’re looking to buy a home, consider this advice before handing over a down payment: "The number one mistake people make in a hot market is waiving an inspection," Ross says. 

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